Section 83 of CA 2013 : Section 83: Power Of Registrar To Make Entries Of Satisfaction And Release In Absence Of Intimation From Company
CA 2013
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Explanation using Example
Imagine a company, "ABC Manufacturing Ltd.," has taken a loan from "XYZ Bank" and, as security for the loan, has charged one of its factories to the bank. After a few years, the company pays off half the loan amount and agrees with the bank to release the charge on the factory to that extent.
In this scenario, even if "ABC Manufacturing Ltd." does not i...
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